15540 NE Couch St

Portland, OR 97230

$519,000
Price
—
Beds
—
Baths
1,848 Sq. Ft.
$281 / Sq. Ft.
1,848
Sq. Ft.
$281
per Sq. Ft.

Description

Great Investment Opportunity – Duplex Near Glenfair Park! Well-maintained duplex featuring one 3-bedroom, 2-bath unit and one 2-bedroom, 1.5-bath unit — both with fireplaces, washer/dryer hookups, and attached 1-car garages plus additional off-street parking. The property has a south-facing yard and sits in a desirable location near Glenfair Park. Each unit offers upgraded interiors and long-term tenants in place, providing immediate rental income. Current rents are $1,600 and $1,525 per month. Showings...Great Investment Opportunity – Duplex Near Glenfair Park! Well-maintained duplex featuring one 3-bedroom, 2-bath unit and one 2-bedroom, 1.5-bath unit — both with fireplaces, washer/dryer hookups, and attached 1-car garages plus additional off-street parking. The property has a south-facing yard and sits in a desirable location near Glenfair Park. Each unit offers upgraded interiors and long-term tenants in place, providing immediate rental income. Current rents are $1,600 and $1,525 per month. Showings available only after mutual acceptance. Buyer to obtain and honor existing one-year leases. Don’t miss this solid, income-producing property — a great addition to your investment portfolio!
  1. Listed by Meiya Luo • Coldwell Banker Bain • 360-931-5667

Property Details for 15540 Northeast Couch Street

Subdivision
GLENFAIR
Parking Features
Attached, Driveway
Zoning
RM1
View
Seasonal, Trees Woods
Garage Spaces
2.00
Parking Total
2.00
LISTING UPDATED: 12/15/2025 12:20 AM

Property Details for 15540 Northeast Couch Street

StatusActive
MLS #495697543
Days on Market35
Taxes$5,207 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1970
Lot Size0.18 AC / 7,840 SF
CountyMultnomah County

Location

Listing Courtesy of Coldwell Banker Bain
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Building Information for 15540 Northeast Couch Street

Stories1Residences2Year Built1970Building Size-Lot Size0.18 AC / 7,840 SF

Payment Calculator

$2,998 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,565

Property Taxes

$434

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 15540 Northeast Couch Street

Summary
Location and General Information
  • Country: US
  • Directions: one block north of Burnside at 155th (last unit on dead end street)
  • Road Surface: Concrete, Gravel
School Information
  • Elementary School: Glenfair
  • High School: Reynolds
  • Middle Or Junior School: H.B. Lee
Taxes and HOA
  • Tax Year: 2025
  • Tax Annual Amount: $5,206.94
  • Parcel Number: R158295
  • Tax Legal Description: ESQUIRE ESTATES, LOT 1
Property
Lot Information
  • Acres: 0.18
  • Lot Description: Level, Trees
  • Lot Size Square Feet: 7840.0
  • Lot Size Range: Sq Ft7000to9999
  • Lot Size: 7,000 to 9,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Existing
  • Year Built: 1970
Utilities
  • Cooling Description: Other
  • Fuel Description: Electricity
  • Heating Description: Baseboard, Hot Water
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: T111Siding
  • Roof Type: Composition
Interior Features
  • Basement: None
  • Foundation Details: Other
  • Stories: 1
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • Gross Income Actual: $37,500.00
  • Gross Income Projected: $39,000.00
  • Gross Rent Multiplier: $13.84
  • Investor Information: Rent Records
  • Net Income Actual: $31,250.00
  • Net Income Projected: 32500
  • Operating Expenses Projected: $5,207.00
  • Operating Expense: $5,207.00
  • Security Features: Unknown
  • Unit Type Type: Unit Type Type1, Unit Type Type2
  • SqFt Approximate Building Total: 1848
Unit 1 Information
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Baths Decimal: 2.00
  • Unit Type 1 Beds Total: 3
  • Unit Type 1 Features: Dishwasher, Disposal, Range
  • Unit Type 1 Rent: $1,600
  • Unit Type 1 SqFt: 914.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 2
  • Unit Type 2 Baths Decimal: 1.10
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Dishwasher, Disposal, Range
  • Unit Type 2 Rent: $1,525
  • Unit Type 2 SqFt: 914.0
  • Unit Type 2 Units Total: 1

Schools near 15540 Northeast Couch Street

This home is within Reynolds School District 7.
Rating
School
Type
Grades
Distance
Glenfair Elementary School
Public - K to 5
Hauton B Lee Middle School
Public - 6 to 8
Reynolds High School
Public - 9 to 12
Four Corners School
Public - K to 12
Rating
School
Distance
Glenfair Elementary School
PublicK to 5

Hauton B Lee Middle School
Public6 to 8

Reynolds High School
Public9 to 12

Four Corners School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 15540 Northeast Couch Street, Portland, OR 97230

15540 Northeast Couch Street is a multi-family home for sale in Portland, OR 97230. This property was listed for sale on November 10, 2025 by Coldwell Banker Bain, it's currently listed at $519,000. This listing's school district is Reynolds School District 7. Nearby schools include Glenfair Elementary School, Hauton B Lee Middle School and Reynolds High School. 15540 Northeast Couch Street is a 0-bed, 0-bath, 1,848 sqft multi-family home built in 1970.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Bain

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2025 RMLS, Portland, Oregon. Last updated: 12/15/2025 12:20 AM